Page 1362 - Commodity News
Cardamom rises 0.6% on spot demand
Prices rose as speculators created fresh positions driven by pick-up in spot market demand
 "Cardamom rises 0.6% on spot demand")
Mentha oil down 1.8% on sluggish demand
Higher arrivals from Chandausi in Uttar Pradesh also kept pressure on mentha oil futures
 "Mentha oil down 1.8% on sluggish demand")
Gold futures up 0.3% on firm global cues
Prices weny up as speculators enlarged their positions
 "Gold futures up 0.3% on firm global cues")
Silver futures down 0.2% on profit-booking
Profit-booking by speculators affected the silver futures trade
 "Silver futures down 0.2% on profit-booking")
Crude oil futures down 0.7% on global cues
Inconclusive Italian national elections triggered weakening trend in Asia
 "Crude oil futures down 0.7% on global cues")
Nickel marginally down on subdued spot demand
Prices went down as speculators trimmed their exposures
 "Nickel marginally down on subdued spot demand")
Copper rises 0.2% on strong global cues
Pick-up in spot demand helped the trade to gain
 "Copper rises 0.2% on strong global cues")
Global crude oil price of Indian Basket up $111 per barrel
Crude oil price declined to Rs 6,018.43/bbl on Feb 25, 2013 as compared to Rs 6,035.20/bbl on Feb 22, 2013 due to rupee appreciation
 "Global crude oil price of Indian Basket up $111 per barrel")
Oil down as Italy polls spark new eurozone fears
A political deadlock loomed in Italy as it appeared elections failed to produce a clear winner
 "Oil down as Italy polls spark new eurozone fears")
Shining glory
PENNY WISE
Jewellers adapt to consumption shift
Retail buyers want low-size, yet rich-look jewellery, instead of large-size ones, as gold and ornament prices rise with inflation
 "Jewellers adapt to consumption shift")
Denim makers turn to value-addition to survive oversupply
One of the major value-added products include stretch denim, where manufacturers add spandex to the cotton fibre to make the product more stretchable
 "Denim makers turn to value-addition to survive oversupply")
 "Isn't ArcelorMittal more sinned against than actually sinning?")
China's retreat from textiles helps India, B'desh
However, Bangladesh expected to remain well ahead in apparel export
 "China's retreat from textiles helps India, B'desh")
London copper snaps six days of losses, China data weigh
Traders expect physical purchases to pick up from this week as China's manufacturing sector returns to work after the Lunar New Year break
Foreign companies bullish on Indian cotton
Prices rise by 7% in February
 "Foreign companies bullish on Indian cotton")
Silver plunges on general weak trend
Weekly-based delivery spurted by Rs 1,545 to Rs 55,200 per kg on speculative buying
 "Silver plunges on general weak trend")
Gold declines on sluggish demand
The metal had gained Rs 340 in the previous two sessions
 "Gold declines on sluggish demand")
Nickel weakens 0.9% on spot demand
Weak overseas market trends kept pressure on nickel futures trade here